by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Maine College of Art & Design can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Maine College of Art offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover just how much financial aid could be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Maine College of Art & Design.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Maine College of Art & Design, 100% of first-time, full-time freshmen received some form of financial aid approximately 120 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $20,277 |
| Institutional grants & scholarships | 100% | $17,864 |
| Federal Pell grants | 31% | $5,977 |
| State/local grants | 12% | $2,562 |
| Federal student loans | 69% | $5,512 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Maine College of Art, approximately 100% of undergraduate students received gift aid averaging $21,026 (for some 413 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $21,026 |
| Federal Pell grants | 29% | $5,747 |
| Federal student loans | 69% | $6,690 |
Title-IV recipients living on campus saw average grant aid of $21,790.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $30,523 |
| $30,001 – $75,000 | $32,760 |
| Over $75,000 | $38,322 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $38,338 |
| Off-campus title-IV students | $36,443 |
For a personalized estimate based on your family’s financial situation, use Maine College of Art’s NPC: meca.edu/admissions/net-price-calculator/.
The median student at Maine College of Art graduates with $19,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Maine College of Art.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $22,824 |
| Middle income | $17,002 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $19,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $25,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Maine College of Art.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Maine College of Art:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2463 |
| Total Stafford loan amount | $46,470,734 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 13 |
| Total GI Bill amount | $372,230 |
| Average GI Bill amount per recipient | $28,633 |
References
More about our data sources and methodologies.